Global Smart Shoes Market Current and Future Investments, Analysis and Forecast Report 2022 - 2030

Smart sneakers are designed to track the amount of activity an individual undertakes within a duration. With the help of some small electronics devices embedded in different areas within the shoes, these shoes can determine how active users are by measuring the number of steps they take, their pace, the number of calories they burn, and other factors. These shoes can even display location using geo-location systems such as GPS. A smart shoe can provide users with all of the necessary health metrics, allowing them to keep track of their health and improve them. A smart shoe may also have functions such as changing its colour with LED strip lights, auto-tightening shoelaces, and so on. There is a rise in the health and wellness trend in the Europe region. Consumers prefer to live a healthy lifestyle by going to the gym, adhering to a strict diet, and engaging in other healthy activities. Smart shoes keep track of the distance run, walked and cycled as well as the calories burned after a training session. The changing consumer preferences owing to the influence of this trend is contributing towards the growth of the Europe smart shoes market.

In terms of revenue, Europe smart shoes market was valued at US$ 36.51 Mn in 2021 growing at a CAGR of 13.5% over the forecast period (2022 - 2030).

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Technological developments to improve comfort, convenience, and health are expected to create growth opportunities in the smart shoes market. The growing acceptance of athleisure and fitness as life choices is likely to fuel demand for smart wearable. The rise in prices for these products, on the other hand, is expected to hinder the growth of the smart shoes market over the forecast period. Some of the major players in the Europe smart shoes market are contributing towards growth through development and expansion. For instance, Nike introduced the innovative self-lacing HyperAdapt 1.0 shoes. The shoes contain pressure sensors in the soles that detect when the foot is placed inside and activate an algorithm that allows for automatic lacing. The shoes, which have incorporated LEDs, can notify the user of a low battery or a tight fit. Furthermore, these shoes do not require charging on a daily basis, and the charge can last up to two weeks.

The covid-19 pandemic impacted the technology industry worldwide. According to the World Health Organization (WHO), the covid-19 pandemic had infected nearly 2 million people by January 2021, resulting in enormous strain on the Europe technology industry. The COVID-19 pandemic has created havoc around the world and continues to wreak harm even a year after its first outbreak. Factors such as insufficient facilities to manage and fight the pandemic, even in developed countries such as Germany and the United Kingdom, as well as other countries in Europe have been cited as primary reason for the severe impact. The pandemic has created a sense of urgency amongst people at large and created awareness about regular monitoring of their health and wellbeing. The demand for smart shoes to enable convenient monitoring of health and wellness is witnessing a rapid surge, thereby driving the growth of smart shoes market. Smart shoes are being used to assess health, fatigue, posture, steps, and calories, and provide precise data for improving health and preventing injuries. Furthermore, the increased focus on innovations in shoes manufacturing technologies in the near future showcases positive growth prospects for the industry participants in the smart shoes market.

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Some of the Key Players Operating in the Global Smart Shoes Market include:
Adidas Group
ERAM GROUP
Mizuno
Nike, Inc.
PUMA
Umbro
Under Armour, Inc.
Xiaomi
Other Market Participants

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Our 420+ Pages Report titled, Smart Shoes Market will include extensive information on the following pointers:

Global market size and forecast values (2015 - 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
Years Considered (2015 - 2030)
(Historic Years: 2015 - 2020
Base Year: 2021
Forecast Years: 2022 - 2030)
Market determinants and Influencing Factors
Market Dynamics (Drivers, Restraints, Opportunities and Trends)
Analysis on Impact of Covid-19 on Global Smart Shoes Market
Macro-Economic and Micro-Economic Indicators
Porter's Five Forces Analysis
Regulatory Landscape
PESTEL Analysis
Competitive Benchmarking: Global Presence and Growth Strategies
(Mergers and Acquisitions
Product Launches
Investments Trends
R&D Initiatives)
Market Share Analysis, 2021
Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.

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Global Smart Shoes Market Segmentation:

By Gender
Men
Women
Unisex

By Application
Sports
Health and Wellness
Others

By Distribution Channel
Online
Offline

By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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